Who we are
Revista del Ciclo Económico © e-ISSN 2718-8760 [trans. The Journal of Business Cycles], is an emerging online Economic Journal, founded in 2014 and based in Buenos Aires, Argentina. It is an Open Access Journal that publishes articles on academic excellence twice a year. The Journal focuses on four economic field, primarily from Emerging Economies: a) Teaching Economics (JEL:A2) ; b) History of Economic Thought (JEL:B); c) Macroeconomics (JEL: E), and; d) Economic History (JEL: N).
Within Macroeconomics, we assign a special, and preferred, place for those researching into the field of Business Cycles (JEL:E3): theory, history, thought, modelling, and empirical evidence, especially from Emerging Economies.
We have developed a Worldwide Network covering: Kabul (Afghanistan); Buenos Aires (Argentina); Daca (Bangladesh); Cotonu, Porto Novo, and Tchaourou (Benin); Timbu (Buthan); Parana, and Rio de Janeiro (Brazil); Varna (Bulgaria); Ouagadougou, and Bobo Dioulasso (Burkina Faso); Yaunde (Camerun); Sherbrooke, and Otawa (Canada); Yamena (Tchad); Los Ríos, and Santiago (Chile); Beijing, Dailan, and Xi’an (China); El Cairo (Egypt); Clermont Ferrand, La Rochelle, Massy, Metz, and Paris (France); Libreville (Gabon); Bengaluru, Bhubaneshwar, Darbhanga, Delhi, Dindigul Villore, Firozpur, Gandhinagar, Hisar, Hyderabad, Jaipur, Kolkata, Krunool, Maharashtra, Nalbari, New Delhi, Panjab, Pune, and Ulhasnagar (India); Bandug, Bogor, and Medan (Indonesia); Mahabad, Tabriz, and Tehran (Iran); Milan, and Rome (Italy); Abidjan (Ivory Coast) ; Lilongüe (Malawi); Kuala Lumpur (Kuala Lumpur); Nuakchot (Nuakchot); Trou aux Biches (Mauritius); Marrakesh, and Meknés (Morocco); Maputo (Mozambique); Tribhuvan (Nepal); Wageningen (Netherlands); Lagos (Nigeria); Islamabad, and Lahore (Pakistan); Lisbon (Portugal); Saint Petersburg (Russia); Kigali (Rwanda); Riyadh (Saudi Arab); Dakar (Senegal); Durban (South Africa); Barcelano, and Madrid (Spain); Colombo (Sri Lanka); Basel (Switzerland); Tunis (Tunisia); Ankara, and Istambul (Turkey); Coventry, and Glasgow (United Kingdom); and, Sana (Yemen).
Following the line of thought of Murray N. Rothbard (1993), Revista del Ciclo Económico © avoids the fragmentation of economic analysis. In this way, we broaden the field of study of Economic Fluctuations encouraging coordination and interactions among research in the fields of History of Economic Thought, Macroeconomics and Economic History. This approach lets the Theory of Business Cycles, which is the essence of our study, be viewed holistically instead of isolating them from the economy as a whole.
“The Wealth of Nations”, was the first publication to formulate a theory that explained the recurrent features of economic fluctuations that had taken place in Europe and the United States. This was followed by the “Marginal Revolution”, in 1870, which allowed for the convergence of knowledge in the field, paving the way for the creation of Institutes of Business Cycles in the early 1920s. These institutes did not address the “Great Depression” in an appropriate manner which decreased their relevance. At the same time, individual contributions (i.e. Tinbergen, Keynes, Hayek, followed by Schumpeter and Friedman) started to become more important. These economists later became founders of Schools of Economic Thought (Keynes and Friedman), or proponents of the validity of some of them (such as Hayek, who took the legacy of Mises on the Austrian School of Economic Thought). In each of these cases the study of economic fluctuations went from being a main field on its own, to being studied under approaches followed by different schools of Economic Thought, or a secondary topic in Economic Growth and Economic Policy studies.
The hegemony of the Neoclassical School of Thought, which continues until today, has also played a key role. The contributions to the corpus of research on economic fluctuations mostly comes from neoclassical economists (i.e. Long and Plosser, Kydland and Prescott, Zarazaga, Aguiar, Gopinat, etc.), although in a heterogeneous and dispersed form.
Revista del Ciclo Económico © intends to amalgamate the contributions of the Neoclassical School of Thought and the several Heterodox lines of Thought, which have gained influence since the “Great Recession”. Our main goal is that the analysis of Economic Fluctuations should maintain its role as the Central Core through the combination of all these different points of view, while incorporating important contributions from Emerging Economies.
Revista del Ciclo Económico © is a self-supporting association which does not receive funding from any institution or government. Hence, the operation of the journal is solely operated by members of the Academic Board on a voluntary basis. Being an Open Access Journal, Revista del Ciclo Económico ©, does not receive payment for subscriptions as it is freely accessible over the internet. There are costs involved in producing a peer-reviewed, edited, and formatted article which is ready for online publication, as well as hosting it on a server that is freely accessible without interruption around the clock.
Aim & Scope
- Restoring the relevance of Business Cycles Research as a field of its own.
- Establish a Network between Economist Researchers around the World.
- Working under a Pluralist Environment disseminating the Economic Knowledge.
- Increasing the relevance of Business Cycles into the Economic Research & Teaching, principally into the Emerging Economies.
- Making a Global Bridge of Economic Knowledge between the Think Tanks from Central Countries and from Developed Countries.